HAFN vs. BOAT
HAFN (Hafnia Limited) is a stock, while BOAT (SonicShares Global Shipping ETF) is Transportation Equities fund tracking the Solactive Global Shipping Index - Benchmark TR Net. Over the past year, HAFN returned 65.87% vs 49.09% for BOAT. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
HAFN vs. BOAT - Performance Comparison
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Returns By Period
In the year-to-date period, HAFN achieves a 48.52% return, which is significantly higher than BOAT's 29.73% return.
HAFN
- 1D
- -0.77%
- 1M
- -14.21%
- YTD
- 48.52%
- 6M
- 36.21%
- 1Y
- 65.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BOAT
- 1D
- -0.83%
- 1M
- -2.43%
- YTD
- 29.73%
- 6M
- 28.77%
- 1Y
- 49.09%
- 3Y*
- 27.56%
- 5Y*
- —
- 10Y*
- —
HAFN vs. BOAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HAFN Hafnia Limited | 48.52% | 2.71% | -12.52% |
BOAT SonicShares Global Shipping ETF | 29.73% | 22.77% | 4.17% |
Correlation
The correlation between HAFN and BOAT is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2024 | 0.65 |
The correlation between HAFN and BOAT has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.
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Return for Risk
HAFN vs. BOAT — Risk / Return Rank
HAFN
BOAT
HAFN vs. BOAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hafnia Limited (HAFN) and SonicShares Global Shipping ETF (BOAT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| HAFN | BOAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 4.25 | -0.79 |
| Martin ratioReturn relative to average drawdown | 8.70 | 13.13 | -4.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HAFN | BOAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 2.50 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.93 | -0.55 |
Drawdowns
HAFN vs. BOAT - Drawdown Comparison
The maximum HAFN drawdown since its inception was -53.75%, which is greater than BOAT's maximum drawdown of -33.94%. Use the drawdown chart below to compare losses from any high point for HAFN and BOAT.
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Drawdown Indicators
| HAFN | BOAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.75% | -33.94% | -19.81% |
Max Drawdown (1Y)Largest decline over 1 year | -19.13% | -11.60% | -7.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -33.94% | — |
Current DrawdownCurrent decline from peak | -18.29% | -6.70% | -11.59% |
Average DrawdownAverage peak-to-trough decline | -21.20% | -9.70% | -11.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.59% | 3.75% | +3.84% |
Volatility
HAFN vs. BOAT - Volatility Comparison
Hafnia Limited (HAFN) has a higher volatility of 11.74% compared to SonicShares Global Shipping ETF (BOAT) at 7.60%. This indicates that HAFN's price experiences larger fluctuations and is considered to be riskier than BOAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAFN | BOAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.74% | 7.60% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 24.56% | 15.34% | +9.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.77% | 19.77% | +15.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.18% | 25.12% | +13.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.18% | 25.12% | +13.06% |
Dividends
HAFN vs. BOAT - Dividend Comparison
HAFN's dividend yield for the trailing twelve months is around 5.75%, less than BOAT's 6.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BOAT SonicShares Global Shipping ETF | 6.32% | 8.08% | 13.89% | 13.65% | 13.57% | 1.36% |
HAFN Hafnia Limited | 5.75% | 7.48% | 20.25% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HAFN and BOAT have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAFN has higher volatility (11.74%) compared to BOAT (7.60%). In terms of maximum drawdown, HAFN dropped -53.75% vs BOAT's -33.94%.
BOAT currently has the higher Sharpe Ratio (2.50 vs 1.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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